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Tuesday, December 5, 2023

Is Warner Bros. Discovery Inc (NASDAQ: WBD) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Warner Bros. Discovery Inc (WBD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.215, or 1.94%, to $11.295. The Warner Bros. Discovery Inc has recorded 1,258,510 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that MotorTrend and BlackBerry Announce “Call for Entries” for Second Annual SDV (Software-Defined Vehicle) Innovator Awards.

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Stocks Info

WBD belongs to the Communication Services sector of the NASDAQ while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $11.08 and fluctuated between $11.10 as its day high and $10.25 as its day low. The current market capitalization of Warner Bros. Discovery Inc is $27.01B. A total of 29.42 million shares were traded on the day, compared to an average of 19.07M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WBD has seen 6 BUY and 1 SELL insider trades, representing the acquisition of 58,720 and the disposition of 24,720 shares. Over the last 12 months, there were 39 BUYs and 27 SELLs from insiders. Insiders purchased 2,133,880 shares during that period but sold 984,297.

In the most recent transaction, Zeiler Gerhard bought 38,000 shares of WBD for 14.09 per share on Aug 07. After the transaction, the President, International now owns 329,032 company shares. In a previous transaction on May 25, Wiedenfels Gunnar bought 15,000 shares at 11.22 per share. WBD shares that Chief Financial Officer owns now total 738,849.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WBD in the last 3 months, the mean price target is $17.87 with high estimates of $26.00 and low estimates of $10.00. In terms of 52-week highs and lows, WBD has a high of $16.34 and a low of $8.82.

As of this writing, WBD has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.17 per share and a lower estimate of -$0.22. The company reported an EPS of -$0.44 in the last quarter, which was -4,500.00% lower than expectations of $0.01.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. WBD’s latest balance sheet shows that the firm has $3.90B in Cash & Short Term Investments as of fiscal 2021. There were $14.76B in debt and $3.46B in liabilities at the time. Its Book Value Per Share was $18.65, while its Total Shareholder’s Equity was $13.40B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WBD is Buy with a score of 4.17.

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